LI - 4 Top Chinese Stock Picks (SA Quant)

2024-03-20 07:00:00 ET

Summary

• China’s economy has shown serious signs of life in the first two months of 2024, soundly beating expectations.
• Chinese exports surged 7% YoY as holiday spending and travel hit record levels, while factory activity is near an 11-year high.
• Retail sales grew 5.2% in January-February YoY, also defying expectations, and online sales of physical goods rose 14%.
• Four Chinese stocks stand out as quant-rated Strong Buys within industries affected by these favorable economic growth trends.

China’s economy surpassed expectations across the board in early 2024, showcased by booming exports, strong retail sales, record holiday spending, and robust industrial activity. Overseas shipments surged 7% YoY in the first two months of the year combined, well beyond economist forecasts....

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